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Global ferrous scrap markets to recover only end Q1 24: BIR

October 17, 2023 Comments Off

Global ferrous scrap markets are unlikely to recover until the end of the first quarter of 2024, the Bureau of International Recycling said in its ferrous scrap quarterly market report Oct. 12. This is largely due to the global economy weakening further in the third quarter, particularly in the eurozone, which is facing renewed recession, said Denis Reuter of TSR…